Reports that say that something hasn’t happened are always interesting to me, because as we know, there are known knowns; there are things we know we know.

We also know there are known unknowns; that is to say we know there are some things we do not know.

But there are also unknown unknowns - the ones we don’t know we don’t know.

And if one looks throughout the history of our country and other free countries, it is the latter category that tends to be the difficult ones.

It ain’t what you don’t know that gets you into trouble…

… It’s what you know for sure that just ain’t so.

Frank Knight - Risk, Uncertainty and Profit (1921)

1R: Left Red €100

1B: Left Black €100

1R: Left Red €100

2R: Right Red €100

1R: Red €100

2R: Black €100

1R: Red and Black €100

2R: Black and Yellow €100

What are we dealing with?

Quantify risks

Manage uncertainties

Thank You

mcooney@describedata.com

https://kaybenleroll.github.io/data_workshops/talk_cirdas_master_202311/